A popular sentiment that has developed over the past few days is that XRP, the third-largest crypto by market capitalization, is poised to explode higher. Top altcoins, after all, have seen strong performances over the past few weeks, with Ethereum, especially, starting to post notable gains against Bitcoin. Luke Martin, a prominent crypto trader featured on…
DetailsJust weeks ago, Bitcoin’s long-term outlook was anything but bullish. As the macroeconomy started to feel the effects of the coronavirus outbreak, global markets crashed in tandem, leaving no asset classes spared, crypto included. This culminated in the middle of March in a massive liquidation event that saw stocks, commodities, foreign currencies, Bitcoin, and even…
DetailsThe Bitcoin price rose to as high as $7,770 on major cryptocurrency exchanges on April 23. The abrupt upsurge coincided with the expiration of CME’s BTC futures contracts for April. Data from Skew indicates that the CME Bitcoin futures volume and open interest spiked to a monthly high. The surge in trading activity preceded the…
DetailsIf you told an early Bitcoin adopter ten years ago that the cryptocurrency would one day hit $1 million, they would’ve laughed. Ten years ago, a single coin traded for less than $1.00; at times, it traded for a price well under a cent. But times have changed. Now, instead of getting laughed at, those…
DetailsBitcoin’s market dominance is trending downwards since September 2019. The crypto’s top rivals have posted better year-to-date returns after Coronavirus-induced sell-off in March 2020. Top analysts have called for an altcoin season to begin this Q2. The Bitcoin Dominance Rate, a ticker that tracks bitcoin’s market share against rivaling crypto tokens, has fallen from 73.02…
DetailsIOHK CEO Charles Hoskinson announced a raft of updates for the Cardano (ADA) project, chief among which was the release of the new Daedalus. Previously criticized for its slow pace of development, the Cardano project has finally launched the Daedalus 1.0.0 wallet. With that, Hoskinson spoke optimistically that the rest of the puzzle will fall…
DetailsBitcoin tops near $15,000 on Lebanon P2P marketplaces as the country’s official fiat crashes 50 percent in just a month. The bitcoin rate in international is just above $7,500. Lebanon is facing its worst economic crisis, with inflation hitting record highs amidst liquidity crunch. Bitcoin is trading almost twice its current rate in an economically-hit…
DetailsA pair of altcoins have greatly overperformed Bitcoin in recent weeks, going on powerful rallies both on USD and BTC trading pairs. However, a devastatingly accurate sell signal has now triggered across both of these crypto assets, potentially pointing to a retracement that could wipe out most of the gains generated against the first-ever cryptocurrency.…
DetailsBitcoin price is once again trading at a level at which miners are making a profit from operating their expensive mining machinery, however, lower prices are still causing capitulation amongst the weakest miners with access to more expensive energy sources than the most elite. The mass capitulation is likely only to continue, as the cost…
DetailsEthereum is back in the spotlight after surging as high as $195 in the last 24 hours. The bullish impulse saw more than 220,000 addresses that had a balance in Ether go to zero, based on IntoTheBlock’s “Daily Active Addresses” model. The selling pressure has been so significant that the drop in addresses nearly outpaced…
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